UK energy policy 'needs to move forward'

18 Nov 2010
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UK energy policy 'needs to move forward'

The UK energy policy is in need of reform and the coalition government needs to move quickly to make this happen.

This is the view of the Confederation of British Industry's director-general Richard Lambert, who stated that simple and transparent policies are required from the country's energy policy.

He predicted that an "energy crunch" could be on the way in Britain and explained that the Green Investment Bank could help to boost renewable energy developments in the UK.

"[It] could have a real impact if it was treated as the cornerstone of a proper infrastructure bank. We'll be spelling out exactly how to make this a reality in a report early next year," he remarked.

But Mr Lambert criticised the coalition's Green Deal plan, stating that while in theory it appears to be a nice idea, there is a lot of uncertainty surrounding it, such as where the money to pay for it is going to come from.

The National Grid recently claimed that Britain is on track to meet its renewable energy targets. 

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